2024-05-10 14:48:52 ET
Summary
- Freeport-McMoRan continues to struggle with rising capex and flatling production.
- China's property sector continues to slow and the growth outlook for the Chinese economy remains weak.
- The recent rise in copper prices is likely unsustainable for multiple reasons.
Understanding the difference between good short-term and long-term investments is critical for most people. While some individuals are willing to trade as well as invest, most people allocate capital into retirement accounts with longer-term objectives....
Read the full article on Seeking Alpha
For further details see:
Freeport-McMoRan: Higher Copper Prices Will Likely Provide Only Modest Benefits